Question

The income of a person is Rs 18,000 per month .due to the exemption of the income of Rs 1,40,000 per year, he has paid Rs 11,400 as an income tax at the end of the year .At what percent per annum has the tax been paid ?​

Answer 1

Answer:

.06666

Step-by-step explanation:

because total salary is 216000 per year

and after exemption salary left is 76000 so tax is piad on this 76000

i.e percentage of tax =76000/11400*100